GXO Logistics, Inc. (NYSE:GXO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $63.9286.

GXO has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen cut shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Wells Fargo & Company started coverage on shares of GXO Logistics in a research note on Tuesday, July 28th. They set an “overweight” rating and a $18.00 target price on the stock. Truist Financial reduced their price target on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th.

GXO Logistics Trading Up 0.9%

Shares of GXO stock opened at $45.83 on Friday. The stock has a 50 day simple moving average of $49.23 and a 200-day simple moving average of $51.59. GXO Logistics has a 1-year low of $45.00 and a 1-year high of $66.85. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.41 and a beta of 1.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, equities research analysts expect that GXO Logistics will post 3.06 EPS for the current fiscal year.

Institutional Trading of GXO Logistics

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 329 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in shares of GXO Logistics in the 2nd quarter valued at approximately $34,000. Trust Co. of Vermont acquired a new stake in shares of GXO Logistics in the 2nd quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new stake in GXO Logistics during the 2nd quarter worth about $48,000. Finally, Nykredit A S acquired a new position in shares of GXO Logistics during the 2nd quarter worth about $73,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a global contract logistics company that manages supply chain operations for businesses across a range of industries. Its services include warehousing, distribution, order fulfillment, inventory management, transportation management and reverse logistics.

The company uses technology, automation and data analytics to operate logistics facilities and support the movement of goods from manufacturers and suppliers to retailers, businesses and consumers. GXO serves customers in sectors such as retail and e-commerce, consumer goods, food and beverage, technology, healthcare, industrial manufacturing and automotive.

GXO was established as an independent public company in 2021 through the spin-off of XPO, Inc’s logistics business.